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30年前,美国大通曼哈顿银行的两个年轻人在不约而同地进行着一场公司价值评估方面的智力探险。他们认为,一般企业在评价其盈利能力时常采用的会计利润标准指标存在缺陷,难以正确反映企业的真实经营业绩,因为股东的投入是有成本的,企业的盈利只有在高于其资本成本(包括股权成本和债务成本)时才为股东创造价值。EVA~的概念,就在此时开始萌芽了。1982年,这两个年轻人成立了思腾思特公司(Stern Stewart & Co.)首次提出了 EVA~的概念,并成为了 EVA~商标持有人。2007年,思腾思特公司全球总裁 Erik Stern 来到了北京。Erik 是思腾思特公司创始人之一 Joel M·Stern 的儿子,Erik 和他父亲一样,也毕业于以财务课程出名的芝
Thirty years ago, two young people at the Chase Manhattan Bank were unanimous in their intellectual exploration of a company’s valuation. In their opinion, the standard accounting profit standard often used by average enterprises in evaluating their profitability is flawed and it is difficult to correctly reflect the true operating performance of the enterprise because the shareholder’s investment is cost-effective, and the profit of the enterprise is only higher than its cost of capital Equity costs and debt costs) to create value for shareholders. The concept of EVA ~, at this time began to sprout. In 1982, the two young men founded Stern Stewart & Co. for the first time to introduce the concept of EVA ~ and become an EVA ~ trademark holder. In 2007, ETS Stern came to Beijing with Erik Stern, global president. Erik is the son of Joel M Stern, one of the founding fathers of Foundry, and, like his father, graduated from the Chicago